Asda trials delivering food orders while customers are out in bid to sustain online shopping momentum May 7, 2021 Asda is trialling delivering unattended food orders, allowing drivers to drop off customers’ shopping when no one is home. The trial allows shopping to be delivered within a four-hour window when the customer is out by dropping it into boxes fixed outside the shopper’s home. It comes as supermarkets aim to sustain the momentum in [...]
City restaurants lead remarkable recovery, says D&D boss May 7, 2021 After four long, miserable wintry months of confinement I guess we should have expected it. But the pandemic has turned us all into pessimists. After a year of lockdowns, reopenings, Covid restrictions and more lockdowns, I doubt that there were many hospitality industry CEOs predicting the joyful scenes of packed restaurant and pub terraces of [...]
Ex-John Lewis MD to lead Sainsbury’s £7.8bn clothing and homewares unit May 6, 2021 Former John Lewis managing director Paula Nickolds has joined Sainsbury’s to lead the supermarket’s general merchandise and clothing business. Nickolds left John Lewis in January last year, after 25 years with the firm, as the department store chain issued a profit warning. She had been set to become executive director of brand and marketing as [...]
AB Inbev boss Carlos Brito to step down after 15 years at the helm May 6, 2021 AB Inbev chief executive Carlos Brito is stepping down after 15 years in the top job, marking the end of an era for the brewing giant. Brito, who has worked at the company for 32 years, is credited with transforming the company from a regional Brazilian brewery into the world’s largest beer maker. He will [...]
‘Light at the end of the tunnel’ for Superdry after reporting return to growth May 6, 2021 Superdry sees “light at the end of the tunnel” after reporting a return to revenue growth in the fourth quarter, boosted by its ecommerce division. In a trading statement Superdry said it had been “substantially impacted” by the pandemic with group revenue for the full year down 21 per cent year-on-year to £556.6m. However the [...]
Shopper numbers surge as stores reopen but retail footfall lags behind pre-pandemic levels May 6, 2021 The number of shoppers visiting UK retail destinations surged last month as non-essential stores were able to reopen for the first time in months. However, despite the spike caused by the lifting of lockdown restrictions, retail footfall in April remained 32.7 per cent lower than pre-pandemic levels in 2019. It was an improvement from the [...]
More than 400,000 SME jobs needed to return to pre-pre-pandemic jobs trajectory May 5, 2021 Around 410,000 small business jobs need to be created by the end of this year to return to the pre-pandemic jobs trajectory, according to new data by Xero, shared with City A.M. this evening. With small businesses employing over half of the UK workforce, a strong sector recovery will be needed to achieve significant employment growth. [...]
Issa brothers offer to sell 27 petrol stations to resolve Asda takeover competition dispute May 5, 2021 The Issa brothers, the billionaire businessmen who recently bought Asda, have agreed to sell 27 of their EG Group petrol stations to resolve a competition dispute related to the takeover. Last month the Competition and Markets Authority launched an investigation into the Issa brothers and TDR Capital’s takeover of the supermarket, saying the deal raises [...]
Debenhams announces final store closures after 240 years on the UK high street May 5, 2021 Debenhams has announced that its remaining shops will close for good next week, meaning the department store chain will disappear from the high street after more than 200 years in business. It announced its final 49 stores will be open to customers for the last time on either 12 or 15 May. The retailer previously [...]
‘Freedom day’: Pub bosses wipe down the bar for a 21 June return May 5, 2021 The UK’s pub bosses are wiping the bar down for a June return, coined “freedom day”, urging prime minister Boris Johnson to stick to his roadmap for the easing of restrictions. JD Wetherspoon, Greene King, Slug & Lettuce owner Stonegate and Young’s have all expressed their intentions for a 21 June return of bar service, [...]